NASDAQ$PFG
Principal Financial Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Principal Financial Group announced first quarter 2023 results, reporting a net loss attributable to PFG of $140 million and non-GAAP operating earnings of $367 million.
Principal Financial Group reported a net loss of $140 million, which includes a $487 million loss from an exited business. However, the company's non-GAAP operating earnings were $367 million. The company also generated $600 million in positive net cash flow and returned over $300 million to shareholders.
- First quarter net loss attributable to Principal Financial Group was $140 million, or $0.58 per diluted share, including a $487 million loss from exited business.
- First quarter non-GAAP operating earnings were $367 million, or $1.48 per diluted share.
- The company returned $306 million of capital to shareholders in the first quarter.
- Assets under management (AUM) reached $660 billion, included in assets under administration (AUA) of $1.5 trillion, with total company net cash flow of $600 million.
Headline financials
Revenue & EPS history
Principal Financial · Revenue · Quarterly
$3.44B
Forward guidance
The company provided forward-looking statements regarding non-GAAP operating earnings, net income attributable to PFG, net cash flow, realized and unrealized gains and losses, capital and liquidity positions, sales and earnings trends, and management’s beliefs, expectations, goals and opinions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.8%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+15.3%
Q1 2020
Best reaction
-8.9%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.3% | +2.7% | +7.1% | |
| Q4 2025 | -2.4% | -5.8% | -10.2% | |
| Q3 2025 | +3.2% | +5.6% | +6.3% | |
| Q2 2025 | -0.2% | -6.0% | -0.2% | |
| Q1 2025 | -2.6% | +4.0% | +12.7% | |
| Q4 2024 | +2.5% | +5.6% | +1.6% | |
| Q3 2024 | -5.8% | -5.8% | -4.4% | |
| Q2 2024 | +1.3% | +1.7% | +7.1% | |
| Q1 2024 | -0.8% | -1.5% | +1.4% | |
| Q4 2023 | -0.3% | +1.4% | +2.0% | |
| Q3 2023 | -0.9% | -1.6% | +6.3% | |
| Q2 2023 | -4.0% | -5.7% | -8.3% | |
| Q1 2023 | -0.9% | -6.1% | -8.7% | |
| Q4 2022 | -0.5% | -0.8% | -2.0% | |
| Q3 2022 | +7.7% | +6.0% | +13.0% | |
| Q2 2022 | +10.7% | +15.6% | +11.6% | |
| Q1 2022 | -2.5% | -0.1% | +4.3% | |
| Q4 2021 | +5.4% | +1.5% | -12.5% | |
| Q3 2021 | -3.7% | -2.4% | +2.0% | |
| Q2 2021 | +0.5% | -0.9% | +8.9% | |
| Q1 2021 | +2.1% | +2.5% | +4.0% | |
| Q4 2020 | -4.6% | -2.7% | +7.7% | |
| Q3 2020 | -8.9% | -6.6% | +23.8% | |
| Q2 2020 | -1.9% | -5.1% | -0.8% | |
| Q1 2020 | +15.3% | +10.8% | +28.7% | |
| Q4 2019 | +1.1% | +0.0% | -17.6% | |
| Q3 2019 | -4.9% | -4.1% | -4.7% | |
| Q2 2019 | +0.2% | -1.9% | -13.7% | |
| Q1 2019 | +4.2% | +3.8% | -1.6% | |
| Q4 2018 | -3.3% | -0.4% | +5.7% | |
| Q3 2018 | -6.0% | -5.5% | -1.3% | |
| Q2 2018 | +4.9% | +5.6% | +0.9% | |
| Q1 2018 | -1.0% | -4.6% | -4.7% | |
| Q4 2017 | -8.7% | -11.6% | -16.9% | |
| Q3 2017 | +0.6% | -2.7% | +1.4% | |
| Q2 2017 | +1.1% | +0.1% | -5.0% | |
| Q1 2017 | +1.3% | +0.9% | -2.4% | |
| Q4 2016 | -1.6% | +2.4% | +10.4% | |
| Q3 2016 | +4.3% | +2.2% | +10.0% | |
| Q2 2016 | +4.4% | +1.4% | +8.1% | |
| Q1 2016 | -3.1% | — | — | |
| Q4 2015 | -7.7% | — | — | |
| Q3 2015 | +3.8% | — | — | |
| Q2 2015 | +2.7% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q4 2013 | -3.0% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +7.2% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q4 2011 | -2.3% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -3.6% | — | — | |
| Q3 2011 | +5.2% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | +5.0% | — | — | |
| Q3 2010 | +7.6% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q1 2009 | -4.1% | — | — | |
| Q1 2010 | +2.2% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q3 2008 | +1.1% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q2 2008 | -2.4% | — | — | |
| Q2 2009 | -2.4% | — | — | |
| Q4 2008 | -2.4% | — | — |
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